24 years agreement with 80% remuneration
$1,490,000
Permanent management rights, Carindale QLD
Great Location:
- Just 5 minutes to Westfield Carindale, one of Brisbanes largest shopping centres
- Easy access to the Gateway Motorway (M1), it's seamless travel north toward Brisbane city or Sunshine Coast and south to Gold Coast or Ipswich
- Only 20 minutes to Brisbane CBD
- Close to a range of highly regarded public school of Belmont primary and private school of Citipointe College.
Manager's Unit:
- Features 3 spacious bedrooms, 1 modern bathroom, 1 lock garage with another 3 exclusive use carports
- Separate access to office and huge storage rooms
- Perfect for families or couples
- NO request to live onsite Option to rent out for extra $30k rental income
- The seller is currently renovating the second bathroom to enhance the overall quality and appeal of the unit.
Management Rights Business Features:
- Long 24 year accommodation module agreement remaining
- $140,968 actual net income that verified by industry accountant
- $110,580 remuneration that weighted nearly 80% of net income to make business stable and reliable with low risk
- 4% increase in remuneration every year
- Single Body Corporate scheme with harmonious and supportive committee members
- Easy to manage complex that is perfect suits to first-time buyers or semi-retirees
This well-established and high performing business offers secure, consistent income paired with a spacious and comfortable home in a sought after blue-chip Brisbane suburb. Whether you're planning to live onsite or prefer an offsite arrangement, this opportunity is flexible, easy to manage, and can be run by a single operator. If you're looking for a business that truly ticks all the boxes, don't miss out on this exceptional opportunity. Contact the exclusive agent, Celine, today for more information or to arrange your inspection.
More Information
- Total Purchase Price: $1,490,000
- Net Income: $ 140,968
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?